RTTNews | Jun 3, 2021 04:21PM EDT

16:21 Thursday, June 3, 2021 (RTTNews.com) - Broadcom Limited (AVGO) reported earnings for its second quarter that rose from the same period last year.

The company's profit came in at $1.49 billion, or $3.30 per share. This compares with $0.56 billion, or $1.17 per share, in last year's second quarter.

Excluding items, Broadcom Limited reported adjusted earnings of $2.98 billion or $6.62 per share for the period.

Analysts had expected the company to earn $6.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.2% to $6.61 billion from $5.74 billion last year.

Broadcom Limited earnings at a glance:

-Earnings (Q2): $2.98 Bln. vs. $2.32 Bln. last year.-EPS (Q2): $6.62 vs. $5.14 last year.-Analysts Estimate: $6.42-Revenue (Q2): $6.61 Bln vs. $5.74 Bln last year.

-Guidance:Next quarter revenue guidance: $6.75 Bln

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